Binance Launchpad and How It Works

By | December 5, 2022
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Who doesn’t know Binance, which has become one of the world’s leading cryptocurrency exchanges since it was founded 4 years ago? Even since the first time it was founded, this cryptocurrency platform has become the highest in terms of traffic and crypto sales throughout the world.

Even if we look at the progress so far, we have seen the name Binance emblazoned on the football team’s jersey and at various other events and acts as sponsors, which shows that Binance’s reputation has been growing.

What is Binance Launchpad

Binance Launchpad is used as a platform that facilitates the token sale process exclusively on the Binance platform. It includes a process that can help blockchain-based projects in their efforts to raise funds so they can develop and improve their business.

This Binance platform or launchpad has many types of services, for example, features for marketing, matters relating to Public Relations, and features for community management which are useful for helping many projects increase their visibility because they can reach a wider audience with a much wider scope or market wide.

Not only that, Binance Launchpad allows its users to find support features to help and maximize the development of user projects using token sales assistance and their listing methods by simply visiting the Binance.com website.

Binance Launchpad is known to help many projects of the highest quality, such as Fetch.AI, BTT, Celer Network, WINk, and Safe Haven, and Binance Launchpad has helped facilitate the collection of funds needed for the continuity of the business.

Kommunitas Launchpad You Should Know

Talking further about the launchpad this is a platform that will support the project being planned, be it in terms of business management, business product marketing, community management, and technical assistance so that entrepreneurs can be assisted in efforts to improve their brand because increased visibility of their business as a result of expanding audience reach.

There is a Launchpad named Kommunitas has become one of the most popular crypto launchpads in the crypto trading space recently. Not without reason, this is because just as Binance, Kommunitas will help many projects and even help you with the fundraising process for the business continuity and success.

In Kommunitas Launchpad, there are many service options to suit the needs of its users, ranging from Public Relations, marketing management, and community management. This greatly assists a project’s efforts in increasing its visibility to an audience and reaching a much wider range of potential customers.

There are several services on the Kommunitas Launchpad, but which type of service you will use will depend on your goals and usage needs. For business people who are trying to raise funds for the development of their business, it would be very appropriate for them to choose Kommunitas as alternative of Binance Launchpad.

Binance Launchpad: Crowdfunding IEO Base

As previously mentioned, Binance Launchpad has helped many of the most popular projects so far in raising funds so they can grow their business to date. Binance Launchpad is known as a platform with a well-known IEO crowdfunding base.

It is well known that the Binance Launchpad has proven its benefits. The beneffits can also given by Kommunitas, so you don’t need to hesitate anymore to choose this launchpad if you are someone who needs funds to develop a business that is just running.

Read also : Steps to Launch Project on Crypto Launchpad

Is the Binance Launchpad Valid?

The most important thing to ensure is validation, and Binance Launchpad as one of the well-known launchpads is certainly legal for you to use without worrying about breaking the law. What’s more, it is a platform for the launch of tokens used in the process of exchanging the most widely used cryptocurrencies in the world.

Many people agree that Binance is currently the best and most trusted cryptocurrency exchange platform of the century.

Another thing you need to know is that Kommunitas Launchpad also runs in valid way and the selected participants must go through an honest trusted polling process. This method was chosen not without consideration, the aim is of course to reduce the risk of fraud and also so that the distribution is much more fair for each user.

The procedure or requirements that must be met if a Kommunitas user wants to take part in the draw is that they have owned or bought tokens for at least 20 days. Therefore, you need to have tokens as soon as possible so you can pass the time limit.

How to Use Binance Launchpad

The next discussion is how to use Binance. For those of you who are still beginners, see the review below so you can understand the procedure well.

Enter the Home Column

The first thing to do is log into the Binance app. Then you select the “Home” menu which you can find at the bottom left of the display. After that step, you will find the “More” menu and you will continue to choose the “Services” menu. After entering the menu, you will find several menu options or other features.

Enter Launchpad Features

In the “Services” menu you need to scroll to the bottom until you find the “Launchpad” menu which you can see is located at the bottom of the “Services” menu.

Then you only need to click the “Launchpad” menu so you can continue the process.

Find Desired Token

After entering the “Launchpad” menu, you will find many types of tokens available and you can choose as you wish.

If you want to find the appropriate token from the list, you only need to click on the list or token image you want so you can see the details clearly. This can help you make the most appropriate choice for you.

When you click on one of the tokens, inside you will find information about the terms and conditions that apply, as well as the procedure for buying the token. You need to read it carefully because usually, each token will have different rules.

You will find that most of the token types found on Launchpad use the Binance Coin or BNB type to process transactions. This means that you have to make sure that you also have BNB coins so that you can trade smoothly. You can also use many types of coins on Kommunitas since it is a multichain oriented.

That’s a review of the Binance and also Kommunitas Launchpad that you need to know. Hopefully, this review can provide insight that will help you in making transactions and determining investment or business steps using cryptocurrency on both Launchpad.